BEMAX: Brandes Emerging Markets Value A

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BEMAX Brandes Emerging Markets Value A


Profile

BEMAX - Profile

Vitals

  • YTD Return -5.5%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $1.46 B
  • Holdings in Top 10 25.6%

52 WEEK LOW AND HIGH

$8.78
$8.15
$9.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.09%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return -5.5%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.23%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Brandes Emerging Markets Fund
  • Fund Family Name
    Brandes
  • Inception Date
    Jan 31, 2011
  • Shares Outstanding
    26372592
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Garrett

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) measured at the time of purchase in equity securities of companies located or active mainly in emerging markets. It typically invests in companies that have market capitalizations (market value of publicly traded equity securities) greater than $3 billion.


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Categories

Performance

BEMAX - Performance

Return Ranking - Trailing

Period BEMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.5% -7.8% 7.5% 97.32%
1 Yr -2.0% -26.4% 33.3% 89.11%
3 Yr 0.9%* -14.2% 16.2% 83.93%
5 Yr 1.8%* -11.9% 26.4% 61.05%
10 Yr N/A* -10.8% 10.8% 46.46%

* Annualized

Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%)
2019 15.5% -19.9% 42.0% 63.31%
2018 -16.9% -41.9% 1.7% 33.52%
2017 24.1% 0.0% 50.3% 86.36%
2016 23.1% -10.1% 241.4% 3.29%
2015 -21.7% -33.9% -1.5% 94.64%

Total Return Ranking - Trailing

Period BEMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.5% -7.8% 7.5% 97.32%
1 Yr -2.0% -26.4% 33.3% 89.11%
3 Yr 2.6%* -14.2% 16.8% 79.91%
5 Yr 3.5%* -11.9% 29.5% 50.00%
10 Yr N/A* -10.8% 15.3% 70.08%

* Annualized

Total Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%)
2019 15.5% -19.9% 42.0% 63.31%
2018 -15.8% -41.9% 1.7% 27.22%
2017 28.9% 0.0% 50.4% 78.91%
2016 25.6% -10.0% 249.7% 2.77%
2015 -20.6% -33.9% -1.5% 94.25%

NAV & Total Return History


Holdings

BEMAX - Holdings

Concentration Analysis

BEMAX Category Low Category High BEMAX % Rank
Net Assets 1.46 B 967 K 88.6 B 29.95%
Number of Holdings 79 1 4875 66.41%
Net Assets in Top 10 395 M 123 K 20.7 B 32.57%
Weighting of Top 10 25.64% 4.8% 100.0% 74.17%

Top 10 Holdings

  1. Embraer SA ADR 3.75%
  2. China Mobile Ltd 3.43%
  3. Fibra Uno Administracion SA de CV Series 11 3.24%
  4. Cemex SAB de CV ADR 2.47%
  5. KT&G Corp 2.27%
  6. Sberbank of Russia PJSC 2.26%
  7. Dongfeng Motor Group Co Ltd Class H 2.10%
  8. POSCO 2.09%
  9. Genting Bhd 2.02%
  10. Mobile TeleSystems PJSC 2.01%

Asset Allocation

Weighting Return Low Return High BEMAX % Rank
Stocks
96.75% 80.08% 102.28% 70.30%
Cash
1.91% -8.91% 17.65% 45.67%
Other
1.33% -5.57% 13.99% 8.91%
Preferred Stocks
0.00% 0.00% 1.34% 80.15%
Convertible Bonds
0.00% 0.00% 18.70% 77.61%
Bonds
0.00% -0.07% 4.42% 77.92%

Stock Sector Breakdown

Weighting Return Low Return High BEMAX % Rank
Consumer Cyclical
16.60% 1.43% 36.09% 24.43%
Financial Services
15.08% 3.88% 54.54% 89.06%
Communication Services
14.00% 0.00% 26.02% 18.70%
Industrials
12.36% 0.00% 24.04% 9.03%
Consumer Defense
8.81% 1.19% 40.10% 32.57%
Technology
8.19% 0.00% 46.63% 92.24%
Energy
7.96% 0.00% 23.57% 25.83%
Real Estate
6.56% 0.00% 16.39% 10.05%
Basic Materials
4.76% 0.00% 16.39% 52.04%
Healthcare
4.14% 0.00% 19.26% 36.01%
Utilities
1.55% 0.00% 11.93% 46.95%

Stock Geographic Breakdown

Weighting Return Low Return High BEMAX % Rank
Non US
94.91% 66.07% 102.28% 67.43%
US
1.84% -2.21% 32.56% 30.03%

Expenses

BEMAX - Expenses

Operational Fees

BEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.04% 59.58% 62.74%
Management Fee 0.95% 0.00% 2.00% 49.81%
12b-1 Fee 0.25% 0.00% 1.00% 53.95%
Administrative Fee 0.03% 0.01% 0.85% 13.19%

Sales Fees

BEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.20% 5.75% 29.92%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.09% 2.00% 254.00% 17.79%

Distributions

BEMAX - Distributions

Dividend Yield Analysis

BEMAX Category Low Category High BEMAX % Rank
Dividend Yield 0.29% 0.00% 5.93% 6.21%

Dividend Distribution Analysis

BEMAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

BEMAX Category Low Category High BEMAX % Rank
Net Income Ratio 2.23% -1.40% 5.73% 19.30%

Capital Gain Distribution Analysis

BEMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BEMAX - Fund Manager Analysis

Managers

Christopher Garrett


Start Date

Tenure

Tenure Rank

Jan 31, 2011

9.01

9.0%

Christopher J. Garrett, CFA Director, Institutional Group Mr. Garrett is a member of the Emerging Markets Investment Committee, develops and services relationships with institutional consultants and clients, and Non-Executive Director of Brandes Asia. Previously served as CEO and Institutional PM for Brandes Asia. Prior to Brandes, he was a PM/Analyst with DuPont Capital Mgmt and Corporate Loan Officer with two large banks. Earned his BS in finance from ASU and his MBA from Columbia Business School. Investment experience began in 1990, and joined Brandes in 2000.

Gerardo Zamorano


Start Date

Tenure

Tenure Rank

Jan 31, 2011

9.01

9.0%

Gerardo Zamorano, CFA Director, Investments Group Gerardo Zamorano, a limited partner of the firm’s parent company, has analyst and team leader responsibilities on the Telecommunications Research Team, and a member of the Emerging Markets and All-Cap Investment Committees. Previously served as the Assistant Investment Officer in the Latin America Department with the International Finance Corporation (part of World Bank). Earned his BSE from Wharton and MBA from the Kellogg. Investment experience began in 1995, and he joined Brandes in 1999. He is fluent in Spanish and Portuguese.

Louis Lau


Start Date

Tenure

Tenure Rank

Jan 31, 2011

9.01

9.0%

Louis Y. Lau, CFA Director, Investments Group Louis Lau is a Senior Analyst on the Financial Institutions Team. He is also a member of the Emerging Markets Investment Committee and a limited partner of the firm’s parent company. Prior to joining Brandes, he was an Analyst in investment banking and equity capital markets with Goldman Sachs. Mr. Lau earned his BBA in finance (with merit) from the National University of Singapore and his MBA in finance and accounting (with honors) from the Wharton School of the University of Pennsylvania. His experience began in 1998, and joined Brandes in 2004

Mauricio Abadia


Start Date

Tenure

Tenure Rank

Feb 01, 2016

4.0

4.0%

Mauricio Abadia Senior Analyst Mauricio Abadia is a Senior Analyst on the Utilities Research Team. He is also a member of the Emerging Markets Investment Committee and the Brandes Institute Advisory Board. Prior to joining Brandes, he worked as a Senior Consultant at Deloitte. Mr. Abadia earned MBA with honors from the Haas School of Business at the University of California, Berkeley and BS in systems engineering with distinction from the University of Virginia, and is fluent in Spanish. His experience began in 2006, and joined Brandes in 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.95 5.7 0.59